Past an initial conversation, how is this kind of deal structured?

If possible, I would like to get some hands on experience in financial structuring and raising capital on the equity side as well.Within the next 5 years, my goal is to have a major hand in managing aqusitions for a primary or even subsidiary account of MF properties under the management of a RE fund.

(Most SFR require mules of this)3) For liability reasons only structure your properties in LLC's and believe it or not commercial banks like it this way.

Is this easier to achieve under the multi-member LLC or TIC single-member LLCs structure?

It they are in the right neighborhoods then developers are coming in and converting these structures.

How do you know what structural problems lie in an old house (built in the '30s) which you've never been in? 

It depends, especially on how your business is structured, lets say you have a holding company.

I've got a lot of other contacts for GC's, Architects, subs, permit expediters, Geo/ Soils, Zoning attorney's, ADA ramp plan engineers, structural engineers, you name it related to new construction in Philadelphia.

Remember, the federal government does it's due diligence...this is a very structured process. 

Do you structure a line of credit or do they lend a percentage of your purchase price?